Now that Malacañang has expressed support for Finance Secretary Benjamin Diokno's proposal to merge state-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) and create the country's largest banking entity—amid fervent opposition from DBP's top brass—the next question is whether the requisite approval could be obtained within the year. Diokno has indicated that the paperwork could be ironed out within this year, but DBP is calling for legislation to effect the union.

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